The prime minister has issued a challenge to states and territories to boost the number of homes, offering a multibillion-dollar carrot to build new dwellings.

Anthony Albanese announced 1.2 million homes would be built in the next five years, an increase of 200,000 dwellings from the previous target, following talks with state and territory leaders at national cabinet.

Jurisdictions will be offered $15,000 for each new home they build, from $3 billion in federal funding for 200,000 new dwellings to tackle the housing crisis.

The money from the federal government would then be able to be spent how states or territories choose.

"This is an initiative that shows how serious we are as state and territory governments across the political spectrum as well as the Commonwealth, understanding that supply is the key," Mr Albanese said.

National cabinet also agreed to a suite of rental reforms that involve moving to limit rent increases to once per year and implementing minimum rental standards.

The reforms include developing a nationwide policy to require genuine reasonable grounds for evictions.

The Greens had opposed the federal government's $10 billion Housing Australia Future Fund over a lack of support to renters, delaying debate on the bill until October.

Despite the outcome from national cabinet, Greens leader Adam Bandt said the plan did not go far enough.

"From now on, every unfair rent increase is Labor's fault. Labor has every seat bar one at national cabinet and it's now clear Labor's policy is for unlimited rent increases," he said.

Opposition housing spokesman Michael Sukkar said the prime minister had failed to address issues in the sector.

"With no guaranteed investment in new housing stock, no concrete plan on increasing housing supply and nothing for first home buyers struggling to get into the market, it's clear that the Albanese government has given up," he said.

But the Property Council's chief executive Mike Zorbas had welcomed the development.

"National cabinet has taken a big-picture approach to housing supply improvements that, if successful, will boost access to housing for all Australians," he said.

Maiy Azize, spokeswoman for housing organisation Everybody's Home, said the meeting represented a lost outcome for renters.

"(The) agreement will not end unfair rent increases. Limiting increases to once a year won't change anything for nine out of ten renters across the country, and has still seen rents spiral," she said.

© AAP 2023

The elation of scoring a goal for the ages means little to Matildas captain Sam Kerr after her side's gut-wrenching elimination from the Women's World Cup.

Kerr's thunderbolt in the 63rd minute looked to have flipped Wednesday's meeting with England on its head as she sent the Stadium Australia crowd into a frenzy.

But the glee of her majestic 30-yard rocket was short lived with the Lionesses qualifying for Sunday's final with two late goals that secured them a 3-1 win.

Kerr has had to endure a frustrating tournament, only returning in cameo stints in the knockout stages after missing the entire group stage with a calf problem.

The semi-final defeat was her first start of the competition.

The fact the Matildas had even got this far without her was an achievement but Kerr could not help but feel devastated by the semi-final exit.

"All I can think about is disappointment right now," Kerr told reporters when asked about her goal.

"I think that's kind of the only thing that's keeping me smiling right now, is the way that we've inspired the nation, everyone's got behind us.

"The tournament's been amazing, every single team, player, person that's visited has said how beautiful our country is.

"So I think for us, it's been hopefully life-changing for women's football in Australia."

Kerr had a number of chances late in the game to draw Australia level but the Matildas skipper was unable to convert, blasting one over the bar and having another cleared off the line.

It is unclear how she will be used in Saturday's third-place play-off against Sweden in Brisbane given her heavy load in the quarter-final and semi-final.

Coach Tony Gustavsson said Kerr was beating herself up for her failure to get the Matildas back into the game.

Kerr said England's composure was the difference between the two sides after the Lionesses hit them on the counter late in the game to seal victory.

"There was only a couple of moments in the game and I guess they took theirs," Kerr said.

"I thought it was honestly pretty even and from where I was sitting it kind of ebbed and flowed each way but after we scored I thought we were going to go and score another.

"Then they kind of took momentum back so I guess it felt like it would have been a great game to watch honestly from where I was."

© AAP 2023

Australia's housing target will be increased as part of a plan agreed to by state and territory leaders at national cabinet.

Prime Minister Anthony Albanese announced 1.2 million new homes would be built in the next five years, starting from July 2024.

The new target is an extra 200,000 homes than previously pledged as part of the national housing accord target.

The prime minister said $3 billion would be used for a fund for the states and territories to build the new homes.

Mr Albanese said the performance-based funding would be a genuine incentive.

"An additional 200,000 homes with $3 billion allows for an incentive of $15,000 per additional home, over and above the one million that had previously been agreed to," he told reporters in Brisbane on Wednesday.

A $500 million housing support program would also be set up for local and state governments to start housing supply in well-located areas.

Leaders also agreed to a suite of rental reforms, which involved moving to limit rent increases to once per year and implementing minimum rental standards.

The reforms included developing a nationwide policy for a requirement for genuine reasonable grounds for evictions.

The Greens had opposed the federal government's $10 billion Housing Australia Future Fund over a lack of support to renters, with the minor party calling for rent freezes.

But the prime minister said the Greens were standing in the way of new social and affordable housing.

"This is an initiative that shows how serious we are as state and territory governments across the political spectrum as well as the Commonwealth, understanding that supply is the key," he said.

"You cannot say you support increased housing supply and vote against the Housing Australia Future Fund."

The prime minister said moving towards nationally consistent laws on renting would make it easier for renters.

National cabinet also agreed to a new national planning reform blueprint, which would look at planning and zoning measures to increase housing supply.

As part of the blueprint, medium and high-density housing would be promoted in areas close to public transport, while approval pathways would be streamlined.

© AAP 2023

States and territories will be offered financial incentives from a multibillion-dollar fund to boost housing supply, with national cabinet agreeing to increase the number of dwellings.

Prime Minister Anthony Albanese says 1.2 million new homes will be built over the next five years starting from July 2024, or 200,000 more than previously pledged as part of the national housing accord target.

Some $3 billion will be provided for the states and territories to build the dwellings, with Mr Albanese declaring the performance-based funding a genuine incentive.

"An additional 200,000 homes with $3 billion allows for an incentive of $15,000 per additional home, over and above the one million that had previously been agreed to," he told reporters in Brisbane on Wednesday.

A $500 million housing support program will also be set up for local and state governments to start supply in well-located areas.

Leaders also agreed to a suite of rental reforms, which involve moving to limit rent increases to once per year and implementing minimum rental standards.

The reforms include developing a nationwide policy for a requirement for genuine reasonable grounds for evictions.

The Greens had opposed the federal government's $10 billion Housing Australia Future Fund over a lack of support to renters, with the minor party calling for rent freezes.

Party leader Adam Bandt said the rental changes were not significant or meaningful.

"From now on, every unfair rent increase is Labor's fault. Labor has every seat bar one at national cabinet and it's now clear Labor's policy is for unlimited rent increases," he said.

"Labor is not spending nearly enough to address the massive public housing shortfall and with a $20 billion surplus up his sleeve, I call on the prime minister to deliver more at Labor's national conference."

The party's housing spokesman Max Chandler-Mather said Labor had "basically enshrined the status quo, leaving renters exposed to astronomical rent increases once a year".

But the prime minister said the Greens were standing in the way of new social and affordable housing.

"This is an initiative that shows how serious we are as state and territory governments across the political spectrum as well as the Commonwealth, understanding that supply is the key," he said.

"You cannot say you support increased housing supply and vote against the Housing Australia Future Fund."

Mr Albanese said moving towards nationally consistent laws would make it easier for renters.

National cabinet also agreed to a new national planning reform blueprint, which would look at planning and zoning measures to increase housing supply.

As part of the blueprint, medium and high-density housing would be promoted in areas close to public transport, while approval pathways would be streamlined.

Business Council of Australia chief executive Jennifer Westacott welcomed the move for additional housing.

"We agree there is an urgent need to fix planning systems that are restricting new housing supply and welcome the national cabinet's focus on this," she said.

"We also welcome funding to support infrastructure that facilitates housing delivery, which will also be critical in getting more housing built."

But Better Renting executive Joel Dignam said little had been achieved for renters.

"Renters have been served up reheated leftovers but we are tired of eating the scraps from the master's table," he said.

"Without limits on rent increases, reducing the frequency could actually make things worse."

© AAP 2023